The Federal Bank Limited informed the stock exchanges that its Board of Directors, at their meeting held on September 17, 2026, considered and approved modifications to the earlier approval granted on August 21, 2026. The board approved the establishment of a medium-term note (MTN) programme for an aggregate amount not exceeding USD 500 million (or its equivalent in other currencies). Furthermore, approval was granted for the offer, issue, and allotment of secured or unsecured bonds, including foreign currency notes in one or more tranches under the MTN Programme to eligible investors through designated branches, including the banking unit in GIFT City, and listing them on international stock exchanges like India International Exchange (IFSC) Limited or NSE IFSC Limited.

Headquartered in Aluva, Kerala, The Federal Bank Limited is a major Indian commercial bank with a substantial domestic network across the country. In recent strategic updates, the bank has been strengthening its core operations and expanding its global and institutional funding access. Recent developments include optimizing its business segments such as retail, commercial banking, and microfinance, alongside driving digital initiatives like corporate internet banking portals and branch transformation projects. The bank continues to maintain solid capital adequacy and steady growth momentum across its diverse asset portfolios.

For the financial year 2025-2026, Federal Bank posted robust total revenue of ₹36,576.16 Crores, marking a year-on-year growth of 7.68%, alongside a net profit of ₹4,117.32 Crores. Well-known institutional investors and major mutual funds hold significant stakes in the bank. The bank’s consistent execution under its leadership has positioned it strongly among private sector lenders in India.